A power law (PL) is the form taken by a large number of surprising empirical regularities in
economics and finance. This review surveys well-documented empirical PLs regarding …

This chapter reviews and integrates much of what has been learned on the processes of
technological evolution, their main features, and their effects on the evolution of industries …

The paper moves from a discussion of the challenges posed by the crisis to standard
macroeconomics and the solutions adopted within the DSGE community. Although several …

We offer best-practice recommendations for journal reviewers, editors, and authors
regarding data collection and preparation. Our recommendations are applicable to research …

Schumpeterian growth theory has operationalized Schumpeter's notion of creative
destruction by develo** models based on this concept. These models shed light on …

Zipf's law is a very tight constraint on the class of admissible models of local growth. It says
that for most countries the size distribution of cities strikingly fits a power law: the number of …

Analyses of firm sizes have historically used data that included limited samples of small
firms, data typically described by lognormal distributions. Using data on the entire population …

We develop a parsimonious model of innovation to confront firm-level evidence. It captures
the dynamics of individual heterogeneous firms, describes the behavior of an industry with …

A comprehensive account of economic size distributions around the world and throughout
the years In the course of the past 100 years, economists and applied statisticians have …

Research into firm growth has been accumulating at a terrific pace, and Alex Coad s survey
of this multifaceted field provides a detailed, comprehensive overview of the latest …